The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.
Showing posts with label cds. Show all posts
Showing posts with label cds. Show all posts
Tuesday, June 19, 2012
Ground Zero
If we are looking around for the site of the next most likely implosion in this ongoing global debt fiasco, we need look no further.
Labels:
cds,
deflation,
JP morgan,
market crash,
SHTF
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